NFP will sell a majority stake in its independent broker/dealer NFP Advisor Services to Stone Point Capital, a Greenwich, Conn.-based private equity firm that invests in financial services companies...
Santa Barbara, Calif.-based Mercer Advisors is merging with Houston-based Kanaly Trust to create an $8 billion registered investment advisory. The deal will add trust services to Mercer’s wealth management offerings, which include financial...
RCS Capital filed a pre-packaged Chapter 11 bankruptcy for the holding companies of some of its broker/dealers on Saturday. The move is meant to restructure the holding companies’ terms with RCAP creditors, which filed its own bankruptcy in Janua...
Advisory firms are stepping up their game when it comes to M&A activity, a trend that bodes well for the industry at large.
Registered investment advisory firms represented 40 percent of the buyers in the 84 M&A deals tracked by Schwab Advisor...
(Bloomberg) -- Morgan Stanley was ordered to pay more than $34.4 million to the estate of Roy Speer, co-founder of Home Shopping Network, over accusations its stockbrokers took advantage of him with unauthorized trades...
(Bloomberg) -- Morgan Stanley, a Wall Street trading firm and brokerage lacking a single bank branch, is making a push to grab $50 billion in deposits held at rivals...
Bloomberg) -- UBS is flashing its cash while rivals cut back. The Swiss bank's employees are in line for a 14 percent jump in bonus payouts, bucking the wider trend of bonus cuts at European rivals like Deutsche Bank and Credit Suisse...
(Bloomberg) -- Wells Fargo & Co., the most valuable U.S. bank, left Chief Executive Officer John Stumpf’s compensation for 2015 unchanged at $19.3 million...
LPL Financial announced several changes Wednesday to help its advisors deal with the upcoming Department of Labor fiduciary rule and shift toward a fee-based business model, including lower pricing of its centrally managed platforms and...
